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Monday, October 11, 2010
Blockbuster, Inc [BLOBQ] Technicals point higher!
Shares of Blockbuster, Inc {BLOBQ}set to go higher as the fast stockastic has now turned bullish and ready to enter the power zone. Another indication is the continued flirting with the 10DMA. A close above .033 will send this stock testing the 50DMA at .050, keep in mind Blockbuster, Inc has a new allstar cast on the BOD, and they have court Monday October 19th, which could send this stock back to May levels of .25, we are holding and expect a new 52 week high soon.